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the parties in washington and urged leaders to work together. >> the nation as you know is at a critical point. at a time like this, we can't risk partisan bickering and political posturing. our lead verse to reach across the aisle to do the people's work. >> while the electoral college makes this win look far more decisive than the popular vote, that is just one of the quirks of the u.s. electoral voting system that many people worldwide have been learning about. 303, the number of delegates that he has to romney's 206. despite the very close popular vote, again, the electoral college votes make it much more decisive. florida remains a toss-up. clearly not going to make a difference to the overall outcome. 270, that was the number to reesm we knew once we started to get the results from ohio, that it was going in barack obama's way decisively. yes, 303 to barack obama 206 to mitt romney. >> but the race for the white house wasn't the only major contest as control of congress was also up for grabs. the democrats held on to the senate picking up two additional seats in massachusetts, where eliz
are adding up. 42 states, plus washington, d.c. and the virgin islands, play powerball. officials expect ticket sales for the current jackpot to top $1 billion. many of those tickets are for office pools. >> we contributed our $2, so we're hoping to win. >> winning workplace pools often have happy endings, like the eight nebraska meat packing members who in 2006 shared $365 million. the previous power ball record. >> i've been retired for about four days now. >> reporter: for others, not so much. five new jersey construction workers ended up in court winning a lawsuit claiming a colleague cheated them. >> you don't expect anybody to do anything wrong, but when people are tempted with money, you know, sometimes strange things happen. >> the chances of striking it rich, one in 175 million. statisticians say you're 33 times as likely to be attacked by killer bees and 50 times as likely to be struck by lightning. richard claims you increase your chances. he's written a book. his tips, buy as many tickets as you can afford and pick your own numbers, don't threat machine do it. >> it's all abo
this february, he had said he had hoped washington and beijing would have a new type of relationship and that's a concept that the former prime minister of australia, a traditional ally to the united states, said he would support. >> i believe the president will be someone that president obama can do business with. and that's why i called again for a new u.s. china strategic road map. this is absolutely necessary for the peace of east asia. >> so both beijing and washington have to work through a whole host of issues that are currently straining both sides. trade disputes and currency and other security issues within the region. >> we'll have plenty more on that leadership change coming up in the program. you can also check out plenty more coverage on cnbc's website. and of course if you want to share your thoughts on this transition, you can e-mail us worldwide@cnbc.co worldwide@cnbc.com,. and stay tuned because at 5:20 a.m., we'll have in-depth analysis on on what the chinese leadership transition means for china/u.s. relations with a guest who says we should brace for more nationalistic, n
in tokyo with the latest at 10:30 cet. and we'll have analysis in washington where obama kicks off budget talks. we'll also talk with russian markets and what stocks make a good investment as angela merkel heads out to moscow to meet putin. that's at 10:30 cet. and 11:20 cet, we'll head out to connecticut to talk holiday shopping in the consumer electronic space. one analyst says trends are set to improve. plus christine lagarde is saying eurozone leaders must reach agreement on greece at their summit next week, but when asked if the deal would happen, this was lagarde's candid relay. >> it's not over until the fat lady sings as the saying goes. and i would not say anything else p. it's a question of working hard, putting our mind to it, making sure working on the objective that greece cannot operate on a sustainable basis. ftc says expected to approve at a party gathering on december 5th, that the ecb's offer to buy debt must be temporary. we've heard from lagarde there talking about how it ain't over until the fat lady sings. at the same time. >> there isn't the equivalent of a fat lady
's doug owner hill man. a number will travel to washington to try to reach a deficit cutting deal as part of the fix the debt campaign. so all things fiscal cliff still pre-dominate. we have a time clock that's quickly running out. how important is it that we get an agreement before the end of the year? >> this is like the debt ceiling argument. people got into a panic. that's something we even imposed on ourselves to decide that the debt shouldn't go too high. so it's not a bad thing. same with the fiscal cliff. what are we saying with the fiscal cliff? we're saying the economy might be revealed to be what it's actually doing because we'll take away the artificial supports because we think it's held any enough now to maybe after itself. that might entail a step drop because at the moment we're giving these tax breaks, but we're doing it out of our saving. >> but the point isn't just that we have to restore a higher level perhaps of taxes and lower level of spending than we might like. the problem with the u.s. is it gets into that ideological dispute over whether the way to do that shoul
the economy at 2:45 p.m. and look for earnings from mcgraw hill, thomson reuters, "washington post," good lord, madison square garden, the maker of bubble wrap. there's one one to watch. >> who doesn't like bubble wrap. still to come on the program, we'll take a look at what tuesday's election means for america's chances for falling off the fiscal cliff. >>> greece's coalition government on shaky ground. quit because of a scandal over a published list of suspected tax evaders. it they're putting on a unified front before a key vote on austerity measures. >> royal bank of scott land has had a loss of just over 1.4 billion pounds mainly due to a clarm on his own debt. the lender has increased its compensation provision by 400 million pounds and will soon enter negotiations to settle libor investigations. it's also likely to be hit. they reiterated the banking industry must make major changes to it culture. >> i guess in general banks didn't live up to the standards of integrity and have the right cultures. so we're paying some of the sins for that. >> some of the world's biggest banks, more capi
of late make the argument. so the message out of washington is stop it with the austerity. you are forcing growth into negative areas. you're self defeating. it will be very hard for a com any administration to make that same message here in europe because as you pointed out at home, his plan, particularly the ryan plan, was very much almost german style austerity plan. something that has been advocated by northern europe on to southern europe as part of these bailouts in greece, spain, portug portugal. so hard to maintain that message that you should stop with the austerity, allow a little growth. so in terms of the way the eurozone views it, that change between the voice now coming out of the white house and potentially a new voice coming out of the white house in a romney administration, that's the most significant change after tomorrow. >> peter, if europe was voting, they would vote for obama. that's what the survey suggests overwhelming so. why is that? >> let's remember where we were four years ago. the transatlantic relationship was some would argue post war loans. there's never be
@cnbc.com. at krchlt nc @cnbcwex. and washington may be considering more sanctions against iran. we'll have the latest on that and outlook for energy prices next. and we'll loof you witheave you we can't get enough of, the christmas tree at rockefeller center. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on grounipping at fedex office. >>> we want to show you what's happening with the oil trade. we've seen prices buffeted by renewed unrest, but today both light crude and brent are showing a bet of a retracement, down about 0.3%. head of commodities market strategy at bnp paribas joining us. harry, we wanted to get a sense from you as the senate is expected to debate new measures that could include banning sales and transfers of special metals to iran. how the breakdown in talks with the iaea is playing into the oil trade and concerns about mideast more broadly. >> certain
as the chinese economy shows signs of improve. >>> and we'll head out to washington for a view on how the handover of power in china will impact relations in the u.s. >> we're in london to talk about shipping trends. >>> plus what will obama do about the looming fiscal cliff? we'll have plenty of analysis from commentators. >> and we'll hear first from the cfo of aliance. but first day two data suggested growth is picking up and inflation is moderating meaning beijing may have more scope to ease if necessary. ppi industrial output and retail sales all came in better than forecast. eunice joins us from beijing. i'd hate to suggest this is quite good timing for this data. very convenient. >> what are you suggesting? a lot of people are saying that the numbers are showing the economy is bottoming out and a lot of people do use the numbers as a guideline at least. they're saying the investment figures were encouraging. looking relatively strong. the government hasn't put up of much money in the infrastructure projects, so that's part of the equation here. other part is retail and consumpt
and with seven weeks to go, the fiscal cliff deadline looms. what's expected out of washington. we'll take a look. >> meanwhile greece will have to wait another week for a crucial loan amid a spate over athens debt prediction time table. christine lagarde has been open in her disagreement. >> from you'our perspective, th sustainability of greece has to be measured in 2020, and our target is 120%. >> against this backdrop, greece planning to auction as a part of refinancing 5 billion euros of debt that has to be paid on friday. it is the 16th on friday. >> i believe so. >> so joining us now in london is justin knight, head of european rate strategy. patrick stays around, as well. justin, thanks for joining us. first of all, this little spat on the two year extension, how much >> of course they're politicians and in jean claude's own words, different circumstances. they have to get reelected. christine lagarde is head of the imf and the imf needs to get the problem sorted out as quickly as possible regardless of political concerns. so you can see which way they're coming from here. as i say, the mn
protests today. we'll be outside a walmart story near washington, d.c. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. #. >>> walmart organizers upset over working conditions, have 34r57bed protests 1,000 u.s. stores. we're in the suburbs of washington, d.c. hampton, what are they upset about? >> well, it could get a little noisy here in a couple hours. specifically this. there's pressure from a lot of organized labor and those who support organized labor to get unions inside walmart, try and get better pay and benefits for walmart 1.4 million employees. walmart's response is
and the race for the white house. sdwr joining us is a political reporter at the "washington post" following all of this very closely of course. sean, thanks for joining us. i want to start with this dynamic een obama and chris christie. what's the chris christie strategy here? because it seems to be taking some of the momentum away from his own party. >> yeah, this is really interesting. you have somebody in governor christie who has been an outson critic of president obama. but what we've heard the last three days is nothing but praise for the president and the pearl response to his needs in new jersey. so a little bit of a different tone there. but in times like these when you have natural disasters, you tend to see politicians put politics aside. that said, there's certainly a political up side for obama appearing alongside one of mitt romney's top surrogates yesterday. so sort of an interesting dynamic and unexpected one. >> you see the latest poly just talked about, it suggests that the markets still pricing in effectively an obama win. does that indicate that you buy this latest poll?
tickets. power ball is available in 40 u.s. states and washington, d.c. earlier this year, the mega millions lottery reached a record $656 million. so let us know what you would do. there's a one in 176 million chance of winning. e-mail us. john has written into say i would purchase the spanish formula one teammate and a cancer radio unit. a good idea. if you've got any thoughts, e-mail us worldwide@cnbc.com. at cnbc weks or direct to m me, @rosswestgate. >>> after the break, a ble to the one group pushing mosts for a session. we'll have the latest from barcelona. and we'll show you where we stand with european stocks at the moment. and after good gains last week, just slightly softer today. the ftse 100 remember up 3.5% last week. just down half a percent for the ftse. we did see italian consumer confidence fall to an all-time low earlier this morning. spanish yields are slightly higher. guilt yields and bund yields just slightly lower. currently markets, dollar index down at a three week low this morning. two new members of the bank of japan come position out and saying we should
'm assuming he would. >> joining us from washington, morris reed democratic strategist and managing director of the bgr group. morris, good morning. >> good morning. it's called air force 1. makes everything very easy. >> so he's using that for party -- government property for party and political purposes? >> it gets reimbursed by the parties. there's a cool could ykoo calcu you. >> they make a contribution. good. >> morris, we just had tim stanley on the program. he says it's too close to call be he thinks mitt romney may have the the edge. what numbers are you looking at and do you agree romney will still has momentum here on the eve of the election? >> i think that governor romney certainly had a lot of momentum coming out of the first debate. there is an argument to be made that perhaps the momentum stopped with the hurricane situation where the president was allowed to have three days of coverage without romney really having a counter balance. i really think the race is too close to call. what i'm watching are the key states of iowa, wisconsin and ohio. it's canning that the industrial
. and congress hasn't especially returned yet. congress returns to washington tomg. but already last week speaker boehner had a conversation call with members of the house republicans kind of explaining what this discussion is going to look like. already trying to sell talking points to his own party. so we're seeing those discussions start much earlier. >> we'll see what happens. but you think we'll be dealing with this just over into the new year which will is a bit of a shame. rebec rebecca, thanks for joining us early this morning. a number of comments as you might expect about this. bill gross says the u.s. fiscal cliff is deeper than advertised and described it as a grand canyon. jim o'neill sayses positive momentum is turning negative because of the cliff discussion and his colleague writes that the cliff will be solved by year's end, although a very close call. so what do you think? some of have you already shared your views. paul written into say the cliff issue will go right to the wire and a fudge will be agreed. you can imagine what would happen in any other country which refused to r
, staples and tyco all report results before the open. >>> we'll take a short break. washington is trying to fix america's fiscal crisis once and for all. >> so how will the cliffhanger play snout we'll discuss when we come back. also we'll get the bank of england's inflation report. mervin king is due to sit down at his desk any minute now. >>> welcome back to "worldwide exchange." >> these are your headlines today from around the world. >> the transition of china's top brass is under way as jintao steps aside as communist party leader. the new central committee will name the politburo's inner circle tomorrow. >> cisco posted better than expected first quarter numbers. >> italy on track to meet its funding needs for 2012. rome auction s 3.5 billion euro. >> you're watching "worldwide exchange," bringing you business news from around the globe. >>> before we hear from mervin king on the british inflation situation, let's take a look at what markets are doing here as we gear up for the open of the u.s. the dow jones is implied to open higher by almost 70 points but it has come off its high
in the united states that there's total dysfunction in washington. so for shush that wonure that w the same way. what's most pressing on obviously the fiscal cliff is the most pressing. i'm not totally convinced they'll be able to figure it out because it still feels like there's one last death match that's lingering in there of 2010, and it doesn't matter what the president said, i was sent here to stop everything and i'll fight him to the last. and that mentality has been the biggest road block. >> so he still thinks there's one last celebrity death match to take place before a resolution of the fiscal cliff. interesting stuff. now coming up, one of the world's biggest high frequency traders opens up to bob pisani about a business and industry that has received its fair tear of criticism # # with the spark cash card from capital one, sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for le
. thanks for that. the latest from tel aviv from chapman bell. >>> now, fiscal cliff drama in washington has thrust america's wealth gap into the spotlight as politicians debate whether to raise taxes for the country's top earners. according to our next guest, america's so-called rich are not created equally. she says a trance global qulas are getting wealthier at break neck speed. in this new breed of super rich, how many are american? because you being of the -- >> they are global. and i really enjoyed robert's report about the russians coming into miami. that really sort of tells the story that i tell in my book. with a we're seeing is this emergence of a trance global wealthy super elite. they have more in common with each other than they do with the folks back home. and home really is becoming a hard to define concept for they will. you have a $50 million place in miami and probably you read into a place this london if you're serious, maybe a place in silicon valley. the americans are still the single biggest group. the wealth managers who study the super rich, they're among the bes
one most important thing. but i think what happens out of washington will very much determine how the holiday season shapes up for the luxury retailers. >> that's for sure. courtney reagan braving the cold there for us. really appreciate it. want to bring and you couple news flashes. welcome back our uk viewers who have been listening to mervyn king. keep an eye on crude before we go, up over 1% as the ieae chief is calling for urgency in iran talks. and we'll leave you for the day. here is u.s. "squawk box." we'll see you back here tomorrow. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on grounipping at fedex office. >>> today's to which stories, the looming fiscal cliff. congressional leaders and top white house negotiate tors are set to meet on capitol hill today. the economic agenda, we get a second read on third quarter gdp. and weekly jobless cl
Search Results 0 to 18 of about 19